The Pennsylvania Statement of Interest Exchange [DSC:15-345] is a program designed to facilitate the transfer of mortgage loans between lenders and services. It provides an online marketplace for lenders, services, and investors to buy and sell mortgage loans that are registered with the Pennsylvania Department of Banking and Securities (DSC). The program is open to all DSCB-registered entities, including banks, credit unions, mortgage loan originators, and services. There are two main types of Pennsylvania Statement of Interest Exchange [DSC:15-345]: the Primary Exchange and the Secondary Exchange. The Primary Exchange is designed for institutions that originate, buy, or service mortgage loans, while the Secondary Exchange is designed for brokers, investors, and other entities that have an interest in purchasing or investing in mortgage loans. The program also provides a platform for users to view loan information, including loan-level data, borrower information, and loan performance metrics.
Pennsylvania Statement of interest Exchange [DSCB:15-345]
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